New York, NY 10002 Real Estate Market Report

ZIP Code: 10002
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: This ZIP code has limited single-family residential (SFR) inventory. Metrics are based primarily on other residential property types (e.g. condos/townhomes) as a proxy, so treat SFR conclusions as directional rather than precise.

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Executive Overview

The New York, NY (ZIP: 10002) real estate market is currently characterized by a median sold price of $1,429,000, reflecting a robust demand despite elevated interest rate pressure. The neighborhood has increased 15% since 2023, indicating a strong appreciation in property values. The median listing price stands at $1,765,000, suggesting a notable gap between seller expectations and actual sale prices, which may create pricing friction in negotiations.

Transaction activity appears moderate, with median days on market at 482, suggesting slower sales velocity. The market temperature is classified as neutral, indicating a balance between supply and demand, albeit with elevated inventory levels relative to sales activity. This dynamic may lead to a cautious approach from buyers as they navigate the current market conditions.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. Median sold price of $1,429,000 indicates strong market performance despite elevated interest rate pressure.

2. Median listing price of $1,765,000 suggests potential pricing friction as it exceeds the median sold price, reflecting caution among sellers.

3. Median days on market at 482 points to slower sales velocity, which may affect liquidity and buyer engagement in the market.

4. The market temperature is neutral, suggesting a balanced dynamic between supply and demand, with moderate transaction volume.

5. Rental demand remains strong with a median market rent of $3,316, contributing to rising rent trends in the area.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.